1. College Plan for Baby Cinderella: One reader told a touching but insightful tale about her dad, who died when she was four. One day, he read the classic tale Cinderella --you know the deal: the girl, the slipper, the fairy godmother and the prince. Here's what happened when the pre-schooler's dad completed the fairy tale ending about financial salvation through marriage:
The Little Girl:"But what if the glass slipper didn't fit her?"
The Dad: "That's why you're going to Wellseley, so you can always buy your own glass slipper."
2. Keep yourself warm: Scenario: A 20-something woman told an older female friend that she wanted a man to buy her a fur coat. The mentor's advice: "Be able to buy your own fur coat."
The outcome: After receiving that savvy advice, the younger woman ultimately earned enough money to buy three fur coats for herself.
3. The Stocking Hedge: One reader reported that her mom told her to hold onto different shares of stock as a "financial hedge."
The outcome: Those shares, the reader reported, "have consistently paid."
4. Establish a stock-loss point: "I was once told that when your stock is down, you have not lost unless you sell." --T&C Reader
The outcome: She learned to establish stock-loss points and exit strategies for investments. Here's what the reader says: "I watch my stock and set a parameter to be met before I am willing to part with it."
5. The Intersting Beauty: Scenario: One reader told a story about how -- when she was in third-grade -- her stepfather established a bank account for her with $100. Every month, he showed her the bank statement and pointed out how much money her money was making in interest.
The outcome: "This taught me early on the value of compound interest and being aware of my own money." -- T&C Reader